Consider the following statements :
Statement-I :
Carbon markets are likely to be one of
the most widesp

Question

Consider the following statements : 
Statement-I : 
Carbon markets are likely to be one of 
the most widespread tools in the fight 
against climate change. 
Statement-II : 
Carbon markets transfer resources 
from the private sector to the State. 

Which one of the following is correct in 
respect of the above statements?

Learnup IAS · Accepted Answer

The correct answer is b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I .